CAMBERWELL is one of the most expensive suburbs in VIC. Median home prices are $2,105,500 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $1,894,950 home loan.
Between 2005 and 2011 the population of CAMBERWELL, 3124 grew an average of 78.20 people each year. This figure of 3985.60% per annum means CAMBERWELL is one of the fastest growing suburbs in VIC.
Mortgage brokers in CAMBERWELL, 3124 have seen that the median mortgage loan repayment has increased substantially between the last two census periods, changing from $1,836 to $2,500.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in CAMBERWELL, 3124 should have seen some difference. While the latest census median annual household figure income is now $110,344, it was $86,730 back in 2006, which is a net increase of $23,613 Subtract from that the median mortgage repayment increase of $7,968 and a mortgage broker’s clients could be up to $15,645 better off each year even without factoring in mortgage rate cuts.